SanDisk Corp. Reports Higher Q2 Income Amid Strong Storage Demand

SanDisk Corp. (SNDK) reported increased second-quarter net income on January 29, 2026, driven by robust demand for NAND flash storage and improved pricing. Net income rose to $218 million, or $0.92 per diluted share, up from $175 million, or $0.74 per share, in the same quarter a year earlier. Revenue climbed 12% year-over-year to $1.84 billion, exceeding analyst expectations of $1.79 billion. The company attributed growth to enterprise SSD sales and favorable contract renewals. CEO Sanjay Mehrotra stated, “Our product mix and cost discipline delivered margin expansion despite macro headwinds.” The results follow a broader industry recovery in memory chip pricing, with competitors like Micron also reporting improved performance. SanDisk reiterated its full-year guidance, projecting mid-single-digit revenue growth through fiscal 2026.